When an entrepreneur has a new idea, it’s like planting a tree that could one day bear fruit. But turning this idea into reality often requires more than just one person’s effort. It usually involves finding a co-founder—someone who shares the same goals and vision. In the exciting early stages, founders create a clear plan for the future and carefully develop their ideas together.
However, when their hard work starts to pay off, differences in ideology can cause conflicts between co-founders. This can lead to disagreements, standoffs, and internal politics, overshadowing the startup’s success.
Harvard Business School professor Noam Wasserman highlights in “The Founder’s Dilemma” that 65 percent of high-potential startups fail due to conflicts between co-founders. This statistic emphasizes the common challenges founders face. The synergy between co-founders is crucial, affecting communication, decision-making, team dynamics, and investor trust. Pavitra Pradip Walvekar, the founder of Kudos Finance and Investments Private Limited in Pune, explains the key traits to look for in a co-founder. Let’s explore these important characteristics.
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